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As a general rule, when an income tax is added to the basic macroeconomic model, what happens to the consumption schedule?
Birth
The act or process of bearing or bringing forth offspring from the uterus, marking the beginning of a new individual's life outside the mother's body.
Money
An official currency, in the form of banknotes and coins, used as a medium of exchange, unit of account, and store of value.
Child
A child is a young human being below the age of puberty or below the legal age of majority, usually defined as a person under the age of 18.
Psychological Maladjustment
A state of being unable to adapt or cope effectively with the demands of personal and social environment, leading to emotional distress or behavioral problems.
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